Structured Warrants - Final Settlement
| SIMEPLT-C9: CW SIME DARBY PLANTATION BERHAD (AM) |
| Description | AMBANK (M) BERHAD ("AMBANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SIME DARBY PLANTATION BERHAD ("SIMEPLT") ("SIMEPLT SHARE") ("SIMEPLT-C9") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 20 Feb 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that SIMEPLT-C9 expired at 5.00 p.m. on 20 February 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of SIMEPLT-C9 x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of SIMEPLT-C9 x (RM4.3412 - RM5.3000) x (1/12)
= Number of SIMEPLT-C9 x RM0.0000
The Closing Price of RM 4.3412 is the average volume-weighted average price (VWAP) of the SIMEPLT Shares for the five (5) Market Days prior to and including the Market Day immediately before the Expiry Date.
As the Cash Settlement Amount is equal to or less than zero, we shall not be obliged to make any payment to the relevant holder and SIMEPLT-C9 shall become void and cease to have exercise rights and our obligation in respect of SIMEPLT-C9 shall terminate absolutely.
This announcement is dated 20 February 2023.
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Announcement Info
| Company Name | SIMEPLT-C9: CW SIME DARBY PLANTATION BERHAD (AM) |
| Stock Name | SIMEPLT-C9 |
| Date Announced | 20 Feb 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-20022023-00008 |
| Corporate Action ID | MY230220EXWA0008 |